"A good flat-rate card often wins out over all the fancy bonus categories. If you know what you're doing, you are fully encouraged to open several cards, each with various amounts of points or cash back per category."
"Invest in what you understand and on things that have long-term value, and leave the frequent trading and market volatility to those who know what they're doing."
The three-fund portfolio, consisting of bonds, domestic stocks, and international stocks, exemplifies a simple investment strategy. For those uncomfortable managing their investments, hiring a financial advisor is an option, though it incurs higher costs. Warren Buffett's philosophy emphasizes investing within one's circle of competence. Chris Fred from TD Bank suggests that for average consumers, a flat-rate credit card is often more beneficial than complex rewards cards. Churning, or points chasing, can be overwhelming for many, reinforcing the idea of sticking to straightforward financial strategies.
Read at Fortune
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